Healthcare & Life Sciences
DCDC Health Services, a leading Dialysis chain raised Series C funding from IFU & ADB
About
DCDC Health Services
DCDC Kidney Care (DCDC) is India’s second largest player in the Haemodialysis market. The first standalone dialysis centre was started in West Delhi and today is a market leader in government sponsored PPP contracts for dialysis centres. DCDC today has presence across standalone, in-hospital and PPP centres, operating 100+ centres with its presence concentrated in the northern states of Uttar Pradesh, Haryana, NCR & Madhya Pradesh.
Investment Fund for Developing Countries
Investment Fund for Developing Countries (IFU) is a Development Financial Institution owned by the Government of Denmark. IFU is a self-governing, state-owned fund, whose objective is to promote economic and social development in developing countries. The purpose is to contribute to economic and social development in the investment countries and support the realisation of the UN Sustainable Development Goals.
IFU and IFU managed funds have co-invested in 1,300 companies in 100 countries in Africa, Asia, Latin America, and parts of Europe. Committed investments total DKK 209 billion, of which IFU has contributed DKK 23 billion.
Asian Development Bank
Established in 1966, Asian Development Bank is a regional development bank headquartered at Manila, Philippines. ADB owned by 68 members is committed to achieving a prosperous, inclusive, resilient, sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB had established Leading Asia’s Private Infrastructure Fund (LEAP) in 2016 with capital commitment of $ 1.5 Bn Japan International Cooperation Agency (JICA) to focus on high quality and sustainable private sector infrastructure projects that reduce carbon emissions, improve energy efficiency, and offer accessible and affordable health care, education, and communication services to ADB’s developing member countries.
Background
“Working with VedaCorp on this fund raise round has been a great experience. VedaCorp team guided us through the entire process and showed great resilience and foresight especially considering that the deal was consummated during the Pandemic times.”
Mr. Aseem Garg
Promoter, DCDC Health Services Pvt Limited
“Promoted by first generation entrepreneur Mr. Aseem Garg, DCDC has built a robust platform to provide critical medical care to undeserved people in the chronic renal-care space. This partnership with the impact funds IFU & ADB will help the Company achieve a higher growth trajectory and expand its reach across India”
S. Ganapathiraman
Director, Veda Corporate Advisors